Hotel in Germany with long-term rental

Bitterfeld, Bitterfeld-Wolfen, Germany

For Sale

$2,961,384

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Property ID :

 21

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Price

$2,961,384

Financing

50

Equity Required

$1,480,692

Area

3822

Description

The complex consists of a hotel with 51 rooms, a bureau, a conference room and a guesthouse for 50 rooms. The capacity of the complex is 265 places.

Rent

Rental Income: 150,000 € (Rental agreement till 2046, without the right to terminate till 2036.)

Rental Yield: 6 %

Acquisition Expenses

Notary Registry: 37,500 €

Purchase Tax: 125,000 €

Agency Comission (6% excl. tax): 150,000 €

Total:

Financing:

Interest: 2.3%

Period: 20 years

LTV: 50%

Location 

Bitterfeld-Wolfen is about 25 km northeast of Halle (Saale) and about 35 km north of Leipzig. The population of the city is 46,000 people. The hotel complex is located in a convenient location next to Wolfen City Center.

 

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